TRACT DESCRIPTIONS & TERMS

This is a Multi-Parcel auction with the option to purchase a combination of Tracts or the entirety.

TRACT #1: Vacant lot with 4.3 acres +/-
TRACT #2: 6.1 acres +/- with Home and Garage.
TRACT # 3: 4.7 acres, mostly wooded, some tillable.
TRACT #4: 13 acres +/- wooded & tillable.
TRACT #5: 13 acres +/- wooded.
TRACT #6: 10.2 acres +/- wooded.
TRACT #7: Consists of all Tracts combined for the entire 51 acres with house and buildings.

DOWN PAYMENT: 10% down payment of final bid will be required on the day of auction per purchaser. The down payment may be made in the form of check or cash and is non-refundable. YOU'RE BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing.

CLOSING: The balance of the purchase price is due at closing, which will take place in 45 days after the auction, or as soon thereafter as applicable closing documents are completed by the Seller. Costs for an administered closing shall be shared 50/50 between Buyer(s) and Seller(s).

POSSESSION: Possession will be given at closing.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.


ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. The final bid is subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed(s).


PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property.

SURVEY: The cost of the survey shall be divided equally between the Seller and successful bidders.
The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

DISCLAIMER AND ABSENCE OF WARRANTIES: The property is being sold on an AS IS, WHERE IS basis, and no warranty expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, and inquiries concerning the property. Conduct of the auction and increments of bidding are at the direction of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
Mark J Graber | AU19400133

This Real Estate Auction for the Berry Estate will be held at St. Johns Hall in Loogootee, IN TERMS: $10% down payment required day of auction & applied to the purchase price. (Nonrefundable) The Balance will be due at closing in approx 45 days. Property is offered in "AS IS" condition. All inspections must be made prior to auction at bidders expense. Closing cost will be split between buyer & Seller. Seller will provide a clear, marketable title to the purchaser. Property is not being offered subject to financing. Please have financing arranged before auction. Final bid is subject to owner's approval. OWNER: Bruce Berry & Raymond Berry Estate Noel Harty (812) 295-6506. Graber Auctions 812-254-2220